AMMANFORD & DISTrICT MINERS WELFARE AssoaATION REGisfERED CHARITY: 523880 FINANCIAL Accoupifs FOR THE YEAR ENDED 31" DECEMBER 2023
AMMANFORD & Disniicr MINERS WELFARE AssoaAlloN FINANCIALsfATEMENTS FOR ThE YEAR ENDED 315f DECEMBER 2023 co Legal and Administrative Inforn)ation Report of the Tnjstees Independent Examinerfs Report Statement of Financial Actp4tties Balan Sheet Notes
AMMANFORD & DisTricf MINER5 WELFARE ASSOCIAlloN LEGAL AND ADMINISTRATIVE INFORMATION sta$. Ammanford & District Mlners Welfare Association is an unincorporated association and Is establlshed by Deed of Trust. Address of Charlty: 13 Wind Street Ammanford Carmarthenshlre SA18 3DN Trustees: MrA W Jones Mr P Evans Mrwfjones Mr R Murray-appolnted 71hJanuary 2024 Bankors: Barclays Bank PLC 9 Colle8e Street Ammanford Carmarthenshire Independent Examln¢rs: Prltchard,Evans & Co. 21 Carmarthen Street Llandello Carmarthenshire SA19 6AN
AMMANFORD & D1SfRI MINERS WELFARE ASSOCIATION REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31" DECEMBER 2023 Structure• governance and managernent Ammanford & Distritt Miner5 Welfare Association is an unincorporated association established by a Deed of Trust. Its objects are to promote the social wellbein& recreation and conditions of livin8 of workers in or aut coal mine5 in the Ammanford & District area. Objects and activities The charivs principal artivity is to provide and maintain premises to promote the social wellbeing and recreatlOD of workers in or about Coal mines in the Ammanford & Distritt area. Achlevements and perforniance The results of the charity are shown in the Statement of Financial Activities on page 4. The net outgoing resources of the charity amounted to £I6,812022- net outgoing resources £27,862). Throughout 2023. premises were provi(led under an occupat*)nal linSe to the Ammanford Distrirt Miners Welfare Association Social Club Limited. The company has an agreement to pay any net profits to the Trust under Deed of Covenant. and in 2023 £3,167 {2022- £nill was paid. The income received under the occupational licence was £16,99012022 - £19,851). The Trust also received rental income from the letting of a shop and flat and hire of rooms of £5.80712022 - £4,874). Incorne of £2.389 has been recerwed from the lease of ground to the County Council12022 - £2,095). The Trustees would like to thank all who continue to donate items of memorabilia to the Herita8e Centre which continues to provide space for community group5 to meet and get a flavour of the mining experience as it was conducted in the local area. eset¥e5 poIIcy The Trustees consider it necessary to retsin a minimum of £75.IXQ as reserves to ensure the sustainability of the charivs artivities. {Continued...)
2a. AMMANFORD & DIStRICT MINERS WELFARE AssoaATION FINANCIAL STATEMENTS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2023 (Continued) Responslbllftles of the trustees The trustees are required to Prepa financial statements for each financlal period which 8lve a true and fair view of the state of affairs of the Charity and of the net incoming or out80ing resources of the Charity for the period. In preparln8 those financial ststements, the trustees are required to: select suitable accounting polkies and appty them consistently: make reasonable and prudent judgements and estlmates: state whether applicable accountin8 Standards have been followed, subject to any material departure disclosed and explained In the financial statements; prepare flnanclal statements on the 8oin8 concern basls Unle it is inappropriate to presume that the Charlty will continue In business. The trustees are also responslble for. keeping proper accounting records: safe8uardlng the Charitys assets; takin8 reasonable steps for the prevention and detectk•n of fraud. Mr AWJones ate appmved: 31. May 2024
AMMANFORD & DISTRICT MINER5 WELFARE A5SQCIAnoN FINANaAL STATEMENTS INDEPENDENT EXAMINER'S REPORT Independent Examlnerf5 Report to the Trustees of Amrnanford & Dlstlct Mlners Welfare Assoclatlon We port on the accounts of the Trust for the year ended 31st December 2023, which a set out on pages 4 to 9. Respectlve rnsponslbllltles of trustees and examlner As the charitvs trustees you are re5ponslble for the preparatlon of the accounts. The charl$ trustees conslder that an audit is not requ5red for this period under 5ectlon 144 of the Charities Act 2011 Ithe Act} and that an Independent examinatlon Is needed. It is our responslblllty to examlne the accounts under section 145 of the Act and to state. on the basis of procedures speclfled by the General Directlons glven by the Charlty Commlssloners under sectlon 14515)Ibl of the Art, whether particular matters have come to our attentlon. Bas1$ of Indèpendent examlnerfs report Our examlnatlon was carrled out in accordance wlth the General Directions 8iven by the Charity Commlssioners, An examlnatlon Includes a revlew of the accountln8 records kept by the charlty and a comparlson of the account5 presented with these records. It also Includes conslderatlon of any unusual Item5 or disclosures In the accounts, and seeking explanations from you as trustees concernin8 any such matters. The procedures undertaken do not provide all the evldence that would be requlred In an audlt, and consequently we do not express an oplnlon on the view Iven by the accounts. Independent examlnerfs ststement In connectlon wlth our examinatlon, no matter has come to our attentlon'.- 11 which glves us reasonable cause to belleve that In any materlal respect the requlrements al to keep accountln8 records In accordance with section 130 of the Act: and bl to prepare accounts whlch attord wlth the accountlng records and comply wlth the accountlng requlrements of the Act have not been met: or 21 to which, in our opln5on, attention should be drawn in order to enable a proper under5tandlng of the account5 to be reached. Pritchard.Evans & Co. Independant Accountants 21 Carmarthen Street Llandeilo Carmarthenshlre 31" May 2024
AMMANFORD & OISTrICT MINERS WELFARE ASSOCIATION sfATEMENT OF FINANCIAL AcrivmES FOR THE YEAR ENDED 31ST DECEMBER 2023 Restrlcted Unrestrlrted Funds Funds 2023 2023 Total for vear 2023 Totsl for Year 2022 Notss Incomlng resou$ Income and endowrnents from: Donatlons and legacies Charitable actlvltles Other trading activities Investments Other 3,167 8.196 17,250 1,848 2,503 3,167 8,196 17,250 1,848 2,503 6,969 20,126 176 6,362 Total lTrcomlng resources 32,964 32,964 33,633 Resourus ¢xpended Expendfture on: Raising funds Charitable actlvltles Other 4,258 33.560 9.653 2,299 37,818 9,653 2,299 49,701 8,212 3,582 Totsl resourc expended 4,258 45,512 49,770 61,495 Net lexpendlture)Ilncome before Investment galnsl(loss¢s) 14,2581 112,5481 116,8061 127,8621 Net 8alnslllosses} on Investments Net Incomellexpendlturel for the perlod (4.258) (12,548) 116,806) 127.862) Transfers bemen funds Net Movement In funds (4.258) (12,548> 116.806) 127.8621 Total fvnds brought forward 91.926 299.028 390.954 418,816 Total funds carrled forward 87,668 286.480 374,148 390,954
AMMANFORD & DisficT MINERS WELFARE ASSOCIATION BALANCE SHEET AS AT 31sr DECEMBER 2023 2023 2022 FIXED ASSET5 Tangible assets io 137,105 136,951 CURRENT ASSETS Debtors Cash at bank and In hand li 17,126 223.557 20,938 236.634 240.683 257,572 CURRENT UABILITIES Creditor5: amounts falling due within one year 12 13,6401 13,5691 CURRENT ASSETS 237.043 254.QK13 NEf ASSETS 13 374,148 390,954 FUNDS ncome Funds Restrirted income funds Unrestricted funds 14 87,668 286,480 91,926 298.028 374,148 390,954 Approved by the board of trustees and 518ned on its behalf by MrA Wjones Date approved: 31 May 2024
AMMANFORD &DISTrICT MINERS WELFARE ASSOCIATION MOTES TOThE FINANaAL STATEMENTS FOR THE YEAR ENDED 31sr DECEMBER 2023 I. ACCOUNTING pouaES al Ba51s of preparatlon and assessment of going Cortern. The financial statements have been prepared under the historical cost convention with items recognized at cost or transaction value unless othenvise stated in the relevant note5 to the accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Rewrting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 and wtth the Charities Act 2011. The Trust constltutes a public benefft entity as defined by FRS 102. The trustees consider that the a no material uncertainties about the Tru5Vs ability to Continue as a 80in8 concem. bl Reconclllation with previous Generally Accepted Ar(x)untln8 Prartlce In preparing the accounts. the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of tomparative items wa5 needed. No restatements were required. cl Income and expenditure is included net of value added tsx. dl Depreciation Is provided in equal installments to write off the cost of fixed assets over their anticipated useful Ilves. The following rates have been applied=. Freehold property- 2.5% on cost perannum Fixtures,fittings & equipment- IO% on cost per annum. el Grants. including grants for the purchase of fixed a55ets. are recognized in full in the Statement of Financial Activitie5 in the year in which they are receivable. Re5trfcted Unrestrfrted Funds Fund5 2023 2023 Total for Totsl for year 2023 year 2022 2. DONATIONS AND LEGACIES Ammanford Distritt Miners Welfa A$5QCiation Social Club Ltd 3.167 3.167 3,167 3,167 3. CHARITABLE AcnviTIES Rents CeIVable Lease of car pork 5.807 2.389 5.807 2.389 4.874 2.095 8,196 8,196 6,969
AMMANFORD & DisfRICT MINERS WELFARE AssoaATION N¢JfES TO THE FINANaAL STATEMErirs FOR THE YEAR ENDED 31ST DECEMBER 2023 Restrfcted Unrestrlrted Funds Fund$ 2023 Total for Totsl for vear year 2023 2022 4. OThER TRADING AcllviTIES HI of Room & Hall Occupatlonal Llcence & Expenses 260 16,990 260 16.990 275 19,851 17,250 17,250 20.126 5. INVESTMENTS Bank Interest 1.848 176 6. OThER Sundry Income Government and other 8rants Insurance proceeds 1.346 1,157 1,346 1.157 1,862 4,500 2.503 2,503 6,362 7. RAISING FUNDS Herltage Centre expendlture Rates & Water Heat & Li8ht Insurance Repalr & Malntenance Depreciation Cleaning Covid 19- P.P.E. and other Incldentals Sky TV Subscrlption 1.328 1.328 3.050 15,749 4.310 3.639 9.470 272 1,021 1,391 13.280 3,950 21.404 8,543 365 15,749 4.310 3,639 5,212 272 4,258 1253} 4.258 33.560 37.818 49,701 8. CHARITABLE Acrivm£s Ammanford District Miners Welfa Association Social Club Limited Darts donation Sue Ladd & Friends Christmas gifts Ryan 4 Leukemia 6.603 6,603 7,959 50 50 153 50 2.850 150 2.850 150 9.653 9.653 8,212
AMMANFORO & D1SfRI MINERS WELFARE AssoaATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 9. OTHER Trustees & Ballot Expenses Accountancy Fees Bank Charges Sundry Expenses CompLbter Maintenance Printin8 & Stationery 600 1.225 1341 470 600 1.225 1341 470 1,250 72 1,531 38 38 129 2.299 2.299 3,582 Number of Trustees who were paid expenses 10. TANGIBLE FIXED ASSErs Restrirted Freehold Furnlture Property Fty & Eqpt Unre5trirted Freehold Furniture Property Ft&s & Eqpt Total COST At I'january 2023 Additions Disposals 170,321 44.238 119,927 247.375 9,624 581,861 9,624 As at 31st December 2023 170,321 44,238 119,927 256,999 591.485 DEPRECIATION At I" January 2023 Charge for the year Disposals 78,395 4,258 44,238 91.475 1,175 230.802 4.037 444,910 9,470 As at 31st December 2023 82,653 44,238 92.650 234,839 454,380 BOOK VALUE As at 31st December 2023 87,668 27,277 22.160 137,105 As at 31 December 2022 91,926 28.452 16,573 136,951
AMMANFORD & DisfRICT MINERS WELFARE ASSOCIATION NOTES TO THE FINANaAL STATEMENT5 ST FOR THE YEAR ENDED 31 DECEMBER 2023 11. DEBTORS 2023 2022 Prepayments Value Added Tax Lease Car Park Space5 Ammanlord District Miners Welfare Association Soclal Club Ltd 793 3,892 2,362 6,975 1,995 10,079 11,320 17,126 20,938 IZ. CREDITORS Accruals Ammanford Mlners Theatre Value Added Tax 3,640 3.569 3,640 3,569 13. ANALYSIS OF NET ASSEfs BETWEEN FUNDS Restrlcted Income funds 2023 General funds 2023 Total funds 2023 Total funds 2022 Tan8lble fixed assets Current assets Current Ilablllties 87.668 49,437 240.683 13,6401 137.105 240,683 13.6401 136,951 257,572 13,5691 Net assets at 31° D•c•mber 2023 87,668 286,480 374,148 390,954 14. REsfRicfED INCOME FUNDS Balance Incomlng Outgolni OI/OU23 Resources Resour¢es Transfers Balance 3VIZ123 Carmarthenshlre County Councll (Phase I buildin8 works) Coalfleld Regeneratlon Trust IPhase11 building works) Carmarthenshire County Council IIT and Lift equipment} 37.240 1,774 35,466 54,681 2,484 52.197 91,926 4,258 87.668